RFG vs SCHK: Grades, Fees and Holdings Compared

Invesco S&P MidCap 400 Pure Growth ETF

RFGCNYSE Arca

Schwab 1000 Index ETF

SCHKANYSE Arca

Overlap

1.4%by weight

Expense ratio

SCHK −0.32pt a year

RFG0.35%SCHK0.03%

Avg volume · 30D

SCHK 167.1×the volume

RFG7.86KSCHK1.31M

5Y return · a year

SCHK +7.3pt

RFG+4.0%SCHK+11.3%

RFG vs SCHK Performance

Oct 29, 2021 – Oct 30, 2026

+21.7%RFG+70.5%SCHK

Expense ratio: RFG 0.35%; SCHK 0.03%, better
Fund size: RFG $315M; SCHK $5.69B
1Y total return: RFG +10.2%; SCHK +11.8%, better
Yield (12M): RFG 0.11%; SCHK 1.05%, better
Holdings: RFG 103; SCHK 999
Avg volume (30D): RFG 7.86K sh; SCHK 1.31M sh, better
NAV per share: RFG $56.75; SCHK $36.31
52W range

ETF.net Grade

Pillar letters and Scores for RFG, SCHK, with each pillar’s weight
Pillar	RFG	SCHK
Cost30% weight	C41	A98Higher
Mission25% weight	A77	A100Higher
Risk15% weight	F19	B66Higher
Tradability15% weight	B55	A90Higher
Holdings10% weight	A74Higher	B57
Durability5% weight	B65	B68Higher

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. RFG and SCHK are both graded against the same 42 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 42 funds

See all 42 ›

SCHK ranks 2nd and RFG 21st of 42 funds in the Other Major Indexes Category.

Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
Rank 2ASCHKSchwab 1000 Index ETFScore 86
Rank 3APBUSInvesco MSCI USA ETFScore 85
Rank 20BSPUSSP Funds S&P 500 Sharia Industry Exclusions ETFScore 56
Rank 21CRFGInvesco S&P MidCap 400 Pure Growth ETFScore 53
Rank 22CBBEMJPMorgan BetaBuilders Emerging Markets Equity ETFScore 51

Our read on each fund

ETF.net Research

RFGCInvesco S&P MidCap 400 Pure Growth ETF

SCHKASchwab 1000 Index ETF

In short

RFG Most mid-cap growth funds cast a wide net. RFG runs the pure version: about 100 names from the S&P MidCap 400 that screen strongest on growth, tracked as an index, for 0.35% a year.

SCHK Schwab's house-built alternative to the S&P 500: the 1,000 largest US companies in one passive wrapper, reaching past the mega-caps into mid-cap turf, priced at three basis points.

Stated mandate

RFG The fund seeks to track the performance of the S&P MidCap 400 Pure Growth Index before fees and expenses and generally invests in the securities comprising that index.

SCHK The fund seeks to track the total return of the Schwab 1000 Index before fees and expenses.

Why people hold it

RFG Cheaper than the typical index wrapper in its peer group: 0.35% a year versus a 0.45% cohort median.
The mandate leaves no wiggle room: track the S&P MidCap 400 Pure Growth Index and hold the securities in it. Rules pick the portfolio, not a manager's mood.
Concentrated by design, roughly 100 stocks rather than the whole mid-cap 400, so the growth tilt actually shows up in the portfolio.
Trading since 2006, a long live record for a single-factor slice, and it lands in the upper half of its index-wrapper cohort.

SCHK 0.03% a year, the lowest fee among the top-scoring funds in its index-wrapper group and a small fraction of what the typical fund there charges.
About 1,000 stocks covering roughly 90% or more of US stock market value: the S&P 500 names plus a layer of mid caps most large-blend funds skip.schwabassetmanagement.com
Tracks its stated index tightly and stands among the strongest implementations in its peer group of plain index wrappers.
A multi-billion-dollar fund that trades actively and pays distributions quarterly.

Worth knowing

RFG Thinly traded for an index fund, so spreads and order handling matter more here than with the cohort's giants.
It sits at the more volatile end of its peer group: a concentrated growth screen with no value names to steady it.
Distributions arrive quarterly, but income is a byproduct of a growth screen, not the objective.

SCHK Weighted by market value, so the biggest US companies drive the bulk of results. Those extra 500 names carry less weight than the headcount suggests.schwabassetmanagement.com
All-US, all-equity by mandate: no bonds, no foreign stocks, and it rides the full swings of the US market.
The benchmark is Schwab's own proprietary index, so there is no rival fund on the identical yardstick for a side-by-side comparison.

Full RFG profile⁠

Full SCHK profile⁠

RFG vs SCHK Holdings

How RFG and SCHK differ

Overlap by weight

1.4%

Shared holdings make up 88.0% of RFG and 1.4% of SCHK.

Level by level

Holdings83 in both1.4%
Sector11 Sectors65.2%
Countryby domicile96.8%
Asset classEquity100%

Sector

Sector weights in RFG and SCHK, widest gap first
Sector	More in RFGMore in SCHK	RFG	SCHK
Industrials	RFG +16.4 points	25.0%	8.6%
Technology	SCHK +15.8 points	23.1%	38.9%
Health Care	RFG +15.1 points	24.9%	9.8%
Financials	SCHK +7.8 points	3.6%	11.4%
Communication	SCHK +7.6 points	1.8%	9.4%
Materials	RFG +2.4 points	4.2%	1.8%
Consumer Discretionary	SCHK +1.8 points	6.8%	8.6%
Consumer Staples	SCHK +1.6 points	2.6%	4.2%
Energy	RFG +0.7 points	4.2%	3.5%
Real Estate	SCHK +0.1 points	1.9%	2.0%
Utilities	Same weight	1.9%	1.9%

Country, concentration and asset class

Country by domicile

Country weights in RFG and SCHK, widest gap first
Country	More in RFGMore in SCHK	RFG	SCHK
United States	SCHK +2.7 points	96.7%	99.4%
Brazil	RFG +2.3 points	2.3%	0.0%
United Kingdom	RFG +1.0 points	1.1%	0.1%
Other countries (6)	SCHK +0.5 points	0.0%	0.5%

Concentration

Weight in the 10 largest Holdings

RFG20.8%
SCHK34.4%

Securities held

RFG102
SCHK999

Asset class

RFG: Equity
SCHK: Equity

Holdings

Only in RFG19
In both83
Only in SCHK916

Only in RFG

19 securities, 12.0% of RFG by weight

Option Care Health Inc1.07%
Sabra Health Care REIT Inc0.99%
Boyd Gaming Corp0.88%
Travel + Leisure Co0.84%
Federated Hermes Inc0.84%
Dropbox Inc0.79%
LivaNova PLC0.68%
Appfolio Inc0.68%
Hilton Grand Vacations Inc0.68%
Valvoline Inc0.62%
Ollie's Bargain Outlet Holdings Inc0.61%
Moog Inc0.60%
Sotera Health Co0.57%
Doximity Inc0.52%
Grand Canyon Education Inc0.44%
ExlService Holdings Inc0.44%
Planet Fitness Inc0.39%
Wingstop Inc0.35%
Invesco Government & Agency Portfolio0.02%

Only in SCHK

916 securities, 98.6% of SCHK by weight

NVIDIA7.16%
Apple7.06%
Microsoft5.45%
Amazon Com Inc3.32%
Alphabet Class A2.31%
Broadcom Inc2.28%
Meta Platforms Class A1.91%
Alphabet Class C1.86%
Tesla Inc1.58%
Eli Lilly1.52%
Micron Technology1.46%
Berkshire Hathaway Inc Class B1.40%
Advanced Micro Devices1.28%
JPMorgan Chase1.27%
Exxonmobil Holdings Corp1.05%
Visa Class A0.97%
Johnson & Johnson0.92%
Walmart0.75%
Mastercard Class A0.71%
AbbVie0.71%
Chevron0.64%
Intel Corporation Corp0.63%
Palantir Technologies Class A0.63%
Costco Wholesale Corp0.61%
Cisco Systems Inc0.59%
Procter & Gamble0.52%
UnitedHealth Group0.51%
Merck & Co Inc0.50%
Coca-Cola0.50%
Applied Material Inc0.47%
Bank of America0.46%
Home Depot0.46%
Philip Morris International0.45%
Ge Aerospace0.45%
Lam Research0.44%
Palo Alto Networks0.43%
Caterpillar Inc0.41%
Texas Instrument0.40%
Goldman Sachs Group0.37%
Rtx0.37%
Crowdstrike Holdings Class A0.37%
Thermo Fisher Scientific0.36%
Netflix0.36%
Wells Fargo0.36%
Amgen Inc0.35%
International Business Machines Co0.34%
Oracle0.33%
Ge Vernova0.33%
Linde PLC0.32%
Morgan Stanley0.31%

Weight gaps

All 83 Holdings in both funds, largest gap first.

Holding weights in RFG and SCHK, widest gap first
Holding	More in RFGMore in SCHK	RFG	SCHK
Halozyme Therapeutics IncHALO	RFG +3.41 points	3.43%	0.02%
Valaris LtdVAL	RFG +2.25 points	2.26%	<0.01%
Medpace Holdings IncMEDP	RFG +2.17 points	2.19%	0.02%
TechnipFMC PLCFTI	RFG +2.07 points	2.11%	0.04%
InterDigital IncIDCC	RFG +1.97 points	1.98%	0.01%
Five Below IncFIVE	RFG +1.90 points	1.92%	0.02%
Arrowhead Pharmaceuticals IncARWR	RFG +1.85 points	1.86%	0.01%
Exelixis IncEXEL	RFG +1.73 points	1.75%	0.02%
DigitalOcean Holdings IncDOCN	RFG +1.66 points	1.67%	0.01%
Woodward IncWWD	RFG +1.63 points	1.66%	0.03%
ATI IncATI	RFG +1.63 points	1.66%	0.03%
United Therapeutics CorpUTHR	RFG +1.53 points	1.57%	0.04%
Okta IncOKTA	RFG +1.50 points	1.55%	0.05%
Sterling Infrastructure IncSTRL	RFG +1.48 points	1.50%	0.02%
Talen Energy CorpTLN	RFG +1.48 points	1.50%	0.02%
Vicor CorpVICR	RFG +1.47 points	1.48%	<0.01%
Tenet Healthcare CorpTHC	RFG +1.42 points	1.45%	0.03%
Rambus IncRMBS	RFG +1.41 points	1.42%	0.01%
Roku IncROKU	RFG +1.38 points	1.41%	0.03%
FirstCash Holdings IncFCFS	RFG +1.38 points	1.39%	0.01%
Corcept Therapeutics IncCORT	RFG +1.36 points	1.37%	0.01%
Krystal Biotech IncKRYS	RFG +1.35 points	1.36%	0.01%
Carpenter Technology CorpCRS	RFG +1.32 points	1.34%	0.02%
Hecla Mining CoHL	RFG +1.18 points	1.19%	0.01%
Ensign Group Inc/TheENSG	RFG +1.15 points	1.16%	0.01%
CACI International IncCACI	RFG +1.15 points	1.17%	0.02%
Royal Gold IncRGLD	RFG +1.13 points	1.16%	0.03%
Neurocrine Biosciences IncNBIX	RFG +1.12 points	1.14%	0.02%
TTM Technologies IncTTMI	RFG +1.10 points	1.11%	0.01%
Hims & Hers Health IncHIMS	RFG +1.07 points	1.08%	<0.01%
Curtiss-Wright CorpCW	RFG +1.03 points	1.06%	0.03%
nVent Electric PLCNVT	RFG +1.03 points	1.06%	0.03%
MACOM Technology Solutions Holdings IncMTSI	RFG +1.03 points	1.05%	0.02%
Brinker International IncEAT	RFG +1.02 points	1.03%	0.01%
IES Holdings IncIESC	RFG +1.01 points	1.02%	<0.01%
FabrinetFN	RFG +1.01 points	1.03%	0.02%
MasTec IncMTZ	RFG +0.99 points	1.01%	0.02%
Celsius Holdings IncCELH	RFG +0.99 points	1.00%	<0.01%
Penumbra IncPEN	RFG +0.98 points	1.00%	0.02%
UL Solutions IncULS	RFG +0.97 points	0.97%	<0.01%
XPO IncXPO	RFG +0.96 points	0.99%	0.03%
BrightSpring Health Services IncBTSG	RFG +0.95 points	0.96%	0.01%
Globus Medical IncGMED	RFG +0.94 points	0.95%	0.01%
Dycom Industries IncDY	RFG +0.93 points	0.94%	<0.01%
Affiliated Managers Group IncAMG	RFG +0.90 points	0.91%	0.01%
API Group CorpAPG	RFG +0.90 points	0.92%	0.02%
Advanced Energy Industries IncAEIS	RFG +0.89 points	0.90%	0.01%
Jazz Pharmaceuticals PLCJAZZ	RFG +0.88 points	0.90%	0.02%
Coeur Mining IncCDE	RFG +0.86 points	0.88%	0.02%
AeroVironment IncAVAV	RFG +0.85 points	0.86%	<0.01%
EnerSysENS	RFG +0.86 points	0.86%	<0.01%
Toast IncTOST	RFG +0.85 points	0.87%	0.02%
Sanmina CorpSANM	RFG +0.85 points	0.86%	0.01%
Elanco Animal Health IncELAN	RFG +0.80 points	0.82%	0.02%
ITT IncITT	RFG +0.75 points	0.78%	0.03%
Coca-Cola Consolidated IncCOKE	RFG +0.74 points	0.76%	0.02%
Dynatrace IncDT	RFG +0.73 points	0.75%	0.02%
Somnigroup International IncSGI	RFG +0.71 points	0.73%	0.02%
Watts Water Technologies IncWTS	RFG +0.70 points	0.71%	0.01%
BWX Technologies IncBWXT	RFG +0.70 points	0.72%	0.02%
SPX Technologies IncSPXC	RFG +0.69 points	0.70%	0.01%
NewMarket CorpNEU	RFG +0.66 points	0.67%	<0.01%
Encompass Health CorpEHC	RFG +0.65 points	0.67%	0.02%
Flowserve CorpFLS	RFG +0.65 points	0.66%	0.01%
SiTime CorpSITM	RFG +0.63 points	0.65%	0.02%
RB Global IncRBA	RFG +0.62 points	0.64%	0.02%
HealthEquity IncHQY	RFG +0.60 points	0.61%	0.01%
Hexcel CorpHXL	RFG +0.59 points	0.60%	<0.01%
Viavi Solutions IncVIAV	RFG +0.59 points	0.60%	0.01%
RBC Bearings IncRBC	RFG +0.58 points	0.60%	0.02%
Ormat Technologies IncORA	RFG +0.57 points	0.58%	<0.01%
Kratos Defense & Security Solutions IncKTOS	RFG +0.56 points	0.57%	0.01%
Tetra Tech IncTTEK	RFG +0.56 points	0.57%	0.01%
Antero Midstream CorpAM	RFG +0.55 points	0.56%	<0.01%
CareTrust REIT IncCTRE	RFG +0.54 points	0.55%	0.01%
Paylocity Holding CorpPCTY	RFG +0.52 points	0.53%	0.01%
Kinsale Capital Group IncKNSL	RFG +0.52 points	0.53%	0.01%
New York Times Co/TheNYT	RFG +0.50 points	0.51%	0.01%
Churchill Downs IncCHDN	RFG +0.42 points	0.43%	<0.01%
Guidewire Software IncGWRE	RFG +0.42 points	0.44%	0.02%
FormFactor IncFORM	RFG +0.40 points	0.41%	0.01%
First Industrial Realty Trust IncFR	RFG +0.39 points	0.40%	0.01%
Pegasystems IncPEGA	RFG +0.35 points	0.35%	<0.01%

All 102 RFG holdings⁠All 1,001 SCHK holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

RFG vs SCHK Cost

Overpaying RFG vs SCHK

$6,488

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

RFG 0.35%
$7,126
SCHK 0.03%
$638

Amount$10,000

Years30 years

Cost over time

RFG 0.35%
SCHK 0.03%
Overpaying

Year by year

Year	RFG	SCHK	Overpaying
10	$634	$55	$579
20	$2,454	$216	$2,238
30	$7,126	$638	$6,488

Expense ratio

0.35%RFG
0.03%SCHK, cheaper

SCHK0.03%RFG0.35%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SCHK cheapest of 42 funds

RFG 24th cheapest of 42 funds

RFG vs SCHK Dividends

Last 12 months to Oct 30, 2026

Yield (12M): RFG 0.11%; SCHK 1.05%, better
Payout (12M): RFG $0.06; SCHK $0.38
Last payment: RFG $0.02; SCHK $0.10
Ex-dividend: RFG Sep 21, 2026; SCHK Sep 23, 2026
Paid on: RFG Sep 25, 2026; SCHK Sep 28, 2026
Frequency: RFG Quarterly; SCHK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

RFGQuarterly · 36 paymentsAll RFG payments⁠

SCHKQuarterly · 39 paymentsAll SCHK payments⁠

RFG vs SCHK Risk

Fall from peak · 5 years

RFG
SCHK

Risk facts

VolatilityStd dev, 3 years: RFG 18.4%SCHK 12.6%, better
Return per unit of riskSharpe ratio, 3 years: RFG 0.63SCHK 1.39, better
Worst fallMax drawdown, 5 years: RFG −35.2%SCHK −25.4%, better
Market sensitivityBeta, 5 years: RFG 1.14SCHK 1.02; Market = 1

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